天顺风能(002531) - 2024 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2024 was ¥1,301,515,870.87, a decrease of 37.96% compared to the same period last year[2]. - The net profit attributable to shareholders for Q3 2024 was ¥75,664,623.12, down 46.01% year-on-year[2]. - The net profit after deducting non-recurring gains and losses was ¥61,493,843.19, reflecting a 57.43% decrease compared to the previous year[2]. - The basic earnings per share for Q3 2024 was ¥0.0421, a decline of 46.03% from the same period last year[2]. - Total operating revenue for the current period is ¥3,560,409,562.32, a decrease of 44.5% compared to ¥6,406,506,047.35 in the previous period[17]. - Net profit for the current period is ¥291,364,339.53, down 59.7% from ¥722,120,763.30 in the previous period[17]. - The company reported a decrease in sales revenue from goods and services received, totaling ¥2,822,495,726.46, down 39.8% from ¥4,690,290,612.62 in the previous period[18]. Assets and Liabilities - The total assets at the end of the reporting period were ¥24,310,563,553.70, an increase of 4.52% from the end of the previous year[2]. - Total assets increased to CNY 25.41 billion from CNY 24.31 billion, representing a growth of approximately 4.5%[14]. - Current assets rose to CNY 9.89 billion, up from CNY 9.59 billion, indicating an increase of about 3.2%[14]. - Total liabilities reached CNY 16.31 billion, compared to CNY 15.38 billion, showing a rise of about 6.1%[15]. - Owner's equity totaled CNY 9.10 billion, an increase from CNY 8.93 billion, reflecting a growth of approximately 2.0%[15]. - Non-current assets rose to CNY 15.52 billion from CNY 14.72 billion, indicating an increase of about 5.4%[14]. Cash Flow - The company's cash flow from operating activities for the year-to-date was ¥631,483,683.23, down 33.61% year-on-year[2]. - Cash flow from operating activities is ¥631,483,683.23, a decline of 33.7% compared to ¥951,106,773.31 in the previous period[18]. - Cash flow from investing activities shows a net outflow of ¥1,239,717,023.28, improving from a net outflow of ¥3,240,895,375.59 in the previous period[18]. - Cash flow from financing activities is a net inflow of ¥478,927,715.49, down 70.7% from ¥1,633,903,499.35 in the previous period[18]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 82,303[8]. - Shanghai Tian Shen Investment Management Co., Ltd. holds 29.52% of shares, totaling 530,352,000 shares, with 208,740,000 shares pledged[8]. - Real Fun Holdings Limited owns 20.77% of shares, amounting to 373,248,000 shares[8]. Business Developments - The company is expanding its offshore wind power and overseas export business, having approved the issuance of GDRs for listing on the SIX Swiss Exchange[10]. - The GDR project received conditional approval from the Swiss Exchange in January 2023, but the approval has expired as of September 2024[10]. - The company’s subsidiary, Zhuhai Wind Tower, is currently in a self-liquidation phase due to the expiration of its operating period and lack of agreement on extension[11]. - The financial impact of Zhuhai Wind Tower's liquidation is minimal, as its capacity, revenue, and profit are low[11]. - The company is involved in ongoing litigation regarding performance compensation claims amounting to RMB 55.25 million related to Zhuhai Wind Tower[11]. - The court ruled against Nantong Industrial's claims regarding the acquisition of shares in Zhuhai Wind Tower, with the final judgment made in July 2024[13]. Other Financial Metrics - The company reported a significant increase in contract liabilities, up 113.66% compared to the beginning of the year, due to an increase in advance payments[7]. - The company experienced a 66.85% decrease in construction in progress, primarily due to the completion of the Shayang Wind Power Project[7]. - The company recorded a 54.27% increase in other income, attributed to increased government subsidies during the reporting period[7]. - The company’s investment income decreased by 93.32% year-on-year, mainly due to reduced gains from the disposal of financial assets[7]. - Inventory increased significantly to CNY 2.77 billion, compared to CNY 2.28 billion, reflecting a growth of approximately 21.7%[14]. - Short-term borrowings surged to CNY 2.76 billion, up from CNY 1.81 billion, marking an increase of around 52.2%[15]. - Accounts receivable decreased to CNY 4.96 billion from CNY 5.08 billion, a decline of about 2.4%[14]. Research and Development - Research and development expenses increased to ¥34,125,833.08 from ¥29,125,556.98 in the previous period, reflecting a growth of 17.3%[17]. Miscellaneous - The company has adjusted its financial statements due to the implementation of new accounting standards, resulting in a restated operating cost of ¥5,002,444,027.67 for the nine months ended September 30, 2023[19]. - The company continues to explore new strategies for market expansion and product development, although specific details were not disclosed in the earnings call[17]. - The third quarter report of TianShun Wind Power (Suzhou) Co., Ltd. is unaudited[20].